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Elevance Health and Aledade Partner to Advance Value-Based Care Nationwide
Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Very Positive)
Tags
partnership
Rhea-AI Summary
Elevance Health (NYSE: ELV) announced a partnership with Aledade to enhance consumer experiences and health outcomes in independent primary care. This collaboration aims to assist these providers in transitioning to value-based care, improving patient outcomes and reducing costs. With access to Aledade’s technology and support services, independent practices can strengthen their operations while serving 47 million members in Elevance's networks. The initiative is positioned to empower physicians and enrich primary care across communities.
Positive
Partnership with Aledade to enhance independent primary care services.
Access to technology and local services for independent practices.
Focus on transitioning to value-based care, improving patient outcomes.
Potential to lower healthcare costs for consumers.
Negative
None.
BETHESDA, Md. & INDIANAPOLIS--(BUSINESS WIRE)--
Elevance Health, (NYSE: ELV), one of the nation’s leading health companies, and Aledade, an innovative primary care physician enablement company, today announced a partnership that will help enhance the consumer experience and health outcomes for those seeking services from independent primary care practices. The partnership centers on assisting independent primary care physicians across the country transition to value-based care, which is proven to improve health outcomes and lower costs for consumers.
Independent primary care providers participating in Elevance Health’s affiliated plans’ networks – which serve 47 million members – now have the opportunity to access Aledade’s unique suite of technology and local, in-person services. These offerings give independent primary care practices the enhanced tools, support, and resources they need to make the transition to value while delivering the best care to their patients.
“Healthcare reimbursement based on outcomes instead of quantity of services has been debated for decades. Too often, primary care providers want to make this transition but struggle,” said Bryony Winn, President of Health Solutions at Elevance Health. “Partnering with Aledade empowers our independent care provider partners with the tools and insights they need to provide higher quality, more affordable care, while succeeding financially.”
“After more than a decade, the data has clearly shown that value-based care centered on independent physicians leads to care that is good for patients, good for doctors, and good for society,” said Farzad Mostashari, MD, CEO and co-founder of Aledade. “Elevance Health continues to be a leader in supporting physicians in the shift to value, and this collaborative effort will help improve the lives of their members while strengthening anchors of primary care in communities across the country.”
About Aledade
Founded in 2014, Aledade is the leading physician enablement company helping independent practices, health centers, and clinics deliver better care to their patients and thrive in value-based care. Through its proven, scalable model, which includes cutting-edge data analytics, user-friendly guided workflows, health care policy expertise, and strong payer relationships, as well as integrated care supported by Aledade Care Solutions, Aledade empowers physicians to succeed financially by keeping people healthy. Together with more than 1,000 practices in 37 states, Aledade shares in the risk and reward across more than 140 value-based contracts representing more than 1.7 million patient lives under management. To learn more, visit www.aledade.com or follow on Twitter, Facebook, or LinkedIn.
About Elevance Health, Inc.
Elevance Health is a lifetime, trusted health partner fueled by its purpose to improve the health of humanity. The company supports consumers, families, and communities across the entire care journey – connecting them to the care, support, and resources they need to lead healthier lives. Elevance Health’s companies serve more than 118 million people through a diverse portfolio of industry-leading medical, digital, pharmacy, behavioral, clinical, and complex care solutions. For more information, please visit www.elevancehealth.com or follow us @ElevanceHealth on Twitter and Elevance Health on LinkedIn.
What is the partnership between Elevance Health and Aledade about?
Elevance Health has partnered with Aledade to enhance the consumer experience and health outcomes by assisting independent primary care physicians in transitioning to value-based care.
How many members are served by Elevance Health's affiliated plans?
Elevance Health's affiliated plans serve 47 million members.
What are the benefits of the Elevance Health and Aledade partnership?
The partnership provides independent primary care practices with technology and local support to improve patient care and reduce costs.
What is the goal of transitioning to value-based care?
The goal is to improve health outcomes and lower costs for consumers by focusing on quality of care instead of quantity of services.
